Malaysia’s 1MDB settles debt owed to Abu Dhabi with China backing

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KUALA LUMPUR – State-owned 1Malaysia Development Berhad (1MDB) has made the final settlement of US$602.7 million ($S810 million) in debt obligations to Abu Dhabi’s International Petroleum Investment Company (IPIC), by divesting its stake in two companies to buyers linked to Chinese state-owned…

Lub 6fThe payment, the second tranche of a US$1.2 billion loan IPIC extended in July 2015 to the troubled 1MDB, was made last Friday (Dec 22), ahead of the end-December deadline that both parties agreed to in early April this…

IPIC confirmed in a…

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